Rachael Lucas

Rachael Lucas

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Market update: Bitcoin declines amid strong U.S. economic data

Bitcoin closed the trading week in the red, retreating from its recent high of US$108,530 in mid-December. This decline follows stronger-than-expected U.S. economic data, which has bolstered the dollar and reduced expectations for the US Fed to cut rates.

Robust job data spurs market downturn

The release of unexpectedly robust job opening data in the United States has led to a market pullback, as traders anticipate that the US Federal Reserve may maintain elevated interest rates for an extended period.

2025 Market outlook

The convergence of artificial intelligence (AI) and blockchain, alongside the continued expansion of decentralised physical infrastructure network (DePIN), blockchain gaming, tokenisation of real-world assets (RWA), and the rise of utility tokens, is shaping the industry's future.

How to spot a scam

As we approach the busy holiday season, it's important to remain extra cautious about online scams. Cybercriminals often take advantage of the festive period, when people are distracted, to target unsuspecting individuals.

Crypto markets rebound

US inflation meets expectations boosting crypto markets with US$163 billion daily surge. Bitcoin ETF shatters records. MicroStrategy's likely addition to Nasdaq 100. ETH ETFs see US$1.3 billion inflows as ETH hits US$4k. The RBA holds rates steady.

The weekly crypto close: Monday, 9th December

The crypto market has recorded its fifth consecutive week of growth, as the total market capitalisation climbed by 6.76% to reach US$3.62 trillion. Bitcoin spearheaded this surge, breaking past the significant US$100,000 mark for the first time.

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